Advantages and disadvantages of the credit cards

by: Andrea G.

After the entry of capitalism as an economic system (almost global),in the twentieth century, it became important to think about how the money was used and how to spend it, while several companies were determined to give assurances to their customers, however there were problems such as economic recession and lack of money to make transactions possible.

Then the banks used a manner known to the community, known as loans, which now can be represented by our credit card, which are useful when you need something urgently.

One of the most important advantages of the credit cards is easy to carry and use them also being received in most parts of the world, become world money. For example: VISA, Master card. Creating great facilities!!

Now is also important to say, that credit cards have disadvantages, because the bank must make a profit, so they charge a handling fee; so having a credit card upon means great responsibility, you must know very well it works and how money is spent.

Also remember that you will pay for what you spend, and how money has a different value in the time, there is something called interest, which will make you pay a little more than you spent, so if you want a credit card, you must find a bank that has the lowest interest.

Etiquetas: credit cards, English, entries, homework, random

Advantages and disadvantages of the credit cards

by: Andrea G.

After the entry of capitalism as an economic system (almost global),in the twentieth century, it became important to think about how the money was used and how to spend it, while several companies were determined to give assurances to their customers, however there were problems such as economic recession and lack of money to make transactions possible.

Then the banks used a manner known to the community, known as loans, which now can be represented by our credit card, which are useful when you need something urgently.

One of the most important advantages of the credit cards is easy to carry and use them also being received in most parts of the world, become world money. For example: VISA, Master card. Creating great facilities!!

Now is also important to say, that credit cards have disadvantages, because the bank must make a profit, so they charge a handling fee; so having a credit card upon means great responsibility, you must know very well it works and how money is spent.

Also remember that you will pay for what you spend, and how money has a different value in the time, there is something called interest, which will make you pay a little more than you spent, so if you want a credit card, you must find a bank that has the lowest interest.

Etiquetas: credit cards, English, entries, homework, random